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New Found Gold Corp V.NFG

Alternate Symbol(s):  NFGC

New Found Gold Corp. is a Canada-based mineral exploration company. The Company is engaged in the acquisition, exploration, and evaluation of resource properties with a focus on gold properties located in Newfoundland and Labrador, Canada. The Company holds a 100% interest in the Queensway Project, which comprises an approximately 1,662 square kilometers area, located about 15 kilometers (km) west of Gander, Newfoundland and Labrador, and just 18 km from Gander International Airport. The Queensway Project is divided by Gander Lake into Queensway North and Queensway South. The Company also owns a 100% interest in the Kingsway property, which consists of 264 claims on three licenses covering approximately 77 square kilometers. The project is located approximately 18km northwest of the town of Gander, Newfoundland. The Company is undertaking a 650,000-meter drill program on Queensway. It has royalty interests underlying Keats South and several additional zones in Queensway.


TSXV:NFG - Post by User

Comment by eldrecoon Jul 30, 2022 3:36pm
93 Views
Post# 34862478

RE:Buying physical gold/silver still surging.....

RE:Buying physical gold/silver still surging.....Dan,
Thank you very much for the link to Miles Franklin re:  the huge silver/gold deal.  I have been reading the comments on CEO - but there was no explanation, so you sort of wonder if all this was simply a pipe-dream.

Great interview!  I recommend it to all!

https://youtu.be/8f7ABjl63k8[/quote]

el d

DanWarren wrote:
......putting the lie to the manipulated suppression of the gold derivative pricing......it is always typical that the physical price is key, not the derivatives price of commodities in general, but, with gold, it's upside down, now........Volker, the head of the US Fed in the 80s under Reagan, and the guy who broke inflation with high interest rates ( they can't raise rates much now, due to the debt bomb. In Volkers day, US govt debt was around 20-25 % of GDP....today its 120- 125%!!) ......and, they can't do the quantitative tightening by selling off the bonds the US govt bought in their massive money print....why?...... cuz not many investors want to buy US debt, (and how is the US supposed to pay for the annual deficit AND sell off some of the DEBT Bomb?)....... So, Volker said after his stint as the FED head, that the ONE mistake he made was NOT suppressing the price of gold.......you think the price of gold is NOT suppressed?....... Anyway, the point of this post is to note the big demand for physical precious metals. At some point, the derivative manipulation just may blow up and crumble..... Ike posted this post which came from the CEO board. The link is a story about a female billionaire from Texas who placed an order for 50 million $ of silver coins..... I had seen the posters referencing this lady on the CEO board, but, couldn't find what they were talking about......but, here it is.... https://youtu.be/8f7ABjl63k8


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